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News
16 March 2018
in
Oil & gas

Vitol: Hardy takes over from Taylor as CEO

Ian Taylor is to step down as chief executive of oil trading giant Vitol. He will continue as chairman. Russell Hardy, a long-time ally and insider who started his career...

News
16 March 2018
in
Oil & gas

Peru LNG bond refi priced and closed

Peru LNG’s (PLNG) $940 million 144A/Reg S 12-year bond issue – a refinancing of the original $1.2 billion project financing – has closed after...

News
16 March 2018

Credit Agricole finalises $2bn trade finance synthetic

One year on and Credit Agricole has followed up its Premium Green 2017-2 $3 billion synthetic securitisation of green project loans with a $2 billion synthetic risk...

News
16 March 2018
in
Oil & gas

Petrobras posts $1.68bn Q4 loss amid class action settlement

Brazilian oil giant Petrobras posted a fourth-quarter loss of $1.68 billion, missing estimates due to a massive payout to shareholders in a class action settlement....

News
16 March 2018

EIB agrees €8bn financing for 34 projects across the globe

The European Investment Bank has approved a total of €8 billion of new financing for 34 projects in the European Union, Africa, Asia and Latin America. It includes...

News
16 March 2018

And then there were none - Schloegel leaving US Exim.

Scott Schloegel – first vice president, vice chairman of the board, and agency head (acting) for US Exim – in effect the last man standing, will...

News
16 March 2018
in
Metals and Mining

Metalloinvest sees revenue hit $6.2bn

Moscow-headquartered mining giant Metalloinvest saw revenue in 2017 rise 46.2% year-on-year to $6.2 billion. Net income rose 21.9% to $1.4 billion. The group refinanced...

News
16 March 2018
in
Renewables

Bay State Wind designated as a FAST-41 project

The Orsted and Eversource partnership Bay State Wind that is developing a 400-800MW offshore wind project off the Massachusetts South Coast, near Martha's Vineyard,...

News
16 March 2018
in
Infrastructure, Transport

$2.3bn Buenos Aires RER first phase to be tendered as PPP

The Argentine government will tender the $2.3 billion first phase of the RER rail project in Buenos Aires as a PPP. The 11km underground section under the city that...

News
16 March 2018
in
Renewables

Alten completes financing of Hardap solar project in Namibia

Alten Energias Renovables has completed financing for its $70 million 45.5MWp Alten Hardap solar project in the Mariental municipality of Namibia....

News
16 March 2018

EBRD issues first trade finance line in Lebanon

The European Bank for Reconstruction and Development is supporting the expansion of international trade in Lebanon for the first time with a $50 million trade finance...

News
16 March 2018
in
Renewables

GE appoints LM Wind Power CEO

GE Renewable Energy is promoting Duncan Berry to the role of Chief Executive Officer of LM Wind Power when CEO Marc de Jong leaves the company in April. Berry is...

News
16 March 2018
in
Metals and Mining

Glencore signs massive cobalt sale deal with China's GEM

Glencore has agreed to sell around a third of its cobalt production over the next three years to Chinese battery recycler GEM Co. Glencore - the world’s...

News
16 March 2018

Yes Bank unveils first robotics-based payment solution

India's Yes Bank has launched a new robotics-based 'Digital Export and Import' Payments solution. The technology - which it claims is the first of its kind to...

News
16 March 2018
in
Power, Renewables

Swindon Council gets planning permission for its own 50MW storage project

Swindon Council-owned Public Power Solutions has obtained permission from the council's planning department for a 50MW power storage project on council-owned land...

News
16 March 2018
in
Transport

CLC submits $1.29bn proposal to develop two airports as PPPs in the Philippines

Chelsea Logistics (CLC) has submitted an unsolicited proposal to the Philippines' Department of Transportation for the combined development, operation and management...

News
16 March 2018
in
Renewables

Allete to build an 80MW South Peak wind project in Montana

ALLETE Clean Energy is set to build, own and operate the 80MW South Peak wind project located near Great Falls, Montana. The project was acquired from Peak Clean Energy...

News
16 March 2018
in
Oil & gas

Snam plans $6.4bn Italian gas infrastructure investment

Italian gas company Snam has outlined a plan to invest €5.2 billion in domestic infrastructure and the development of European interconnections by 2021. The...

News
16 March 2018
in
Renewables

BayWa buys share in GroenLeven renewables project pipeline

BayWa AG, through its renewable arm BayWa r.e., has acquired a 70% holding in a 2GW Dutch project pipeline from solar project developer GroenLeven Group, which will...

News
16 March 2018

Ukraine to boost ECA support to 45% of imports and exports

The Ukraine has proposed a change to the law on export credit agencies to increase support from 16% to 45% of total exports of the country's goods. The bill also...